Sri Pangkor is named after the road it is located on, Jalan Pangkor, in the Pulau Tikus area of Penang. The 129-year leasehold condominium completed in 1999 comprises a 30-storey high-rise tower and two 5-storey low-rise blocks. There is a total of 165 standard units, with built-up areas ranging from 1,820 sf to 2,310 sf, and 6 penthouse units ranging from 3,910 sf to 5,940 sf.
Available facilities include a freeform swimming pool, gymnasium, BBQ pit, children’s playground, convenience store, sports courts, visitor parking, covered residents’ parking and 24-hour security surveillance. Thanks to shady landscaped gardens interwoven with pathways and bridges, the environment of the condominium is welcoming and luxurious.
As the Sri Pangkor is located within a matured township, it is near to many urban conveniences and facilities, be it schools, medical facilities, banking and finance hubs, entertainment outlets or shopping complexes.
To demonstrate, just within a 2.5km radius, residents can reach a long list of important establishments – the Penang Chinese Girls’ High School, SK and SMK Convent Pulau Tikus, SK St. Xavier, Wawasan Open University, KDU Penang University College, Gleneagles Penang Medical Center, Loh Guan Lye Specialist Centre, Penang Adventist Hospital, Adventist Medical Centre, International Specialist Eye Centre Penang, Gurney Drive, Gurney Plaza and Gurney Paragon
It’s safe to say that the prime location of the Sri Pangkor, its reputable developer and low density status offsets the condominium’s rather congested surrounding roads and lack of fancy facilities or brand new units, especially when it comes to investors. However, the fact that it is a leasehold property is something that prospective buyers might want to take into account when considering to get a unit here.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Sri Pangkor | 1999 |
RM1,040,000
-
RM2,000,000
RM 478 psf - RM 866 psf |
RM2,400 - RM2,400 | NIL | 2.66 % |
| Mansion One | 2015 |
RM600,000
-
RM1,300,000
RM 604 psf - RM 1,385 psf |
RM1,500 - RM1,500 | NIL | 3.65 % |
| The Manor | Dec 2013 | From RM5,050,000 | RM6,000 - RM6,000 | NIL | NIL |
| 8 Gurney | 2013 |
RM3,700,000
-
RM6,380,000
RM 464 psf - RM 686 psf |
RM8,500 - RM8,500 | NIL | 2.8 % |
| Gurney Paragon | Sept 2011 |
RM2,750,000
-
RM4,500,000
RM 878 psf - RM 1,214 psf |
RM5,500 - RM5,500 | NIL | 2.38 % |
| H Residence | 2009 |
RM1,800,000
-
RM2,800,000
RM 360 psf - RM 560 psf |
RM7,000 - RM7,000 | NIL | 3.0 % |
| The Mayfair | 2007 |
RM2,400,000
-
RM3,988,000
RM 480 psf - RM 797 psf |
RM7,500 - RM7,500 | NIL | 2.91 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | RM 634 psf | - | RM 585 psf |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | RM 1,172 psf | RM 2,000,000 psf | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | RM 853 psf | - | RM 6,150,000 psf |
Note:
| Down Payment (10%) | RM 129,000 |
| Loan Amount ( 90 %) | RM 1,161,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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